2015 York County - Rayac · In the Central York School District there were 526 homes sold in 2015...

2015

York County

Real Estate Market Report

Prepared by:

901 Smile Way

York, PA 17404

Phone: (717) 843-7891

Fax: (717) 854-0720

www.rayac.com

www.OpenThisWeek.com

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2015 York County Real Estate Market Report

The REALTORS® Association of York & Adams Counties (RAYAC) represents

over 900 REALTOR® members who work for the best interest of consumers -

home buyers and sellers - and advocate for private property rights. RAYAC

members also include commercial REALTORS, property managers and

appraisers.

This annual report provides an overview of York County’s real estate market as

well as providing housing trends for each of the 16 school districts. The data was

derived from the Multiple Listing Service of the REALTORS® Association of

York & Adams Counties. The statistics do not represent every real estate

transaction in the county. It does not include private real estate transactions or

new construction that did not involve a REALTOR®.

Housing continues to be a significant economic sector within our community. It

is the source of direct employment for a variety of trades and professions such as

construction, finance and insurance. Housing sales also create a huge and often

unrecognized impact on the larger economy because it unleashes additional

spending as buyers transform a house into their home to reflect their tastes and

interests.

Thank you for reading this report and please contact RAYAC with any questions

you might have.

901 Smile Way

York, PA 17404

Phone: (717) 843-7891

Fax: (717) 854-0720

www.rayac.com

2

Table of Contents

York County Housing Market 3

York County New Construction Market 8

York County School District Map 9

Central York School District 10

Dallastown Area School District 12

Dover Area School District 14

Eastern York School District 16

Hanover Public School District 18

Northeastern School District 20

Northern York County School District 22

Red Lion Area School District 24

South Eastern School District 26

South Western School District 28

Southern York County School District 30

Spring Grove Area School District 32

West Shore School District 34

West York Area School District 36

York City School District 38

York Suburban School District 40

3

York County Housing Market:

Number of Homes Sold In 2015 REALTORS sold 5,095 homes in York County. This reflects a 12% increase

in the number of homes sold compared to 2014. Every school district in York County

had an increase in the number of sales in 2015. The total dollar volume reached

$849,496,695 reflecting a 13% increase compared to 2014 sales.

*West Shore & Northern School District are covered by two MLS systems and this is the

information reported from the RAYAC MLS system.

School District 2015

Sold

2014

Sold

2010

Sold

2005

Sold

% Change

Over

1 Year

% Change

Over

5 Years

% Change

Over

10 Years

Central 526 470 421 724 12% 25% -27%

Dallastown 522 499 403 750 5% 30% -30%

Dover 325 320 270 445 2% 20% -27%

Eastern 211 191 165 214 10% 28% -1%

Hanover 190 166 111 237 14% 71% -20%

Northeastern 311 279 232 464 11% 34% -33%

Northern 154 106 89 64 45% 73% 141%

Red Lion 452 412 352 601 10% 28% -25%

South Eastern 244 194 117 234 26% 109% 4%

South Western 384 323 234 462 19% 64% -17%

Southern 259 216 190 297 20% 36% -13%

Spring Grove 332 284 191 279 17% 74% 19%

West Shore 222 177 111 100 25% 100% 122%

West York 293 282 246 411 4% 19% -29%

York City 327 319 365 632 3% -10% -48%

York Suburban 343 293 274 376 17% 25% -9%

Total York County 5095 4531 3771 6290 12% 35% -19%

4

York County Housing Market:

Median Home Sale Price

In York County the median home sale price increased by 1% to $152,000 compared to

2014 sales. The median sold price in York County decreased 1% in five years and

decreased 5% over the past 10 years.

School District 2015

Median

Sale

Price

2014

Median

Sale

Price

2010

Median

Sale

Price

2005

Median

Sale

Price

% Change

Over

1 Year

% Change

Over

5 Years

% Change

Over

10 Years

Central $155,000 $157,437 $170,000 $180,338 -2% -9% -14%

Dallastown $169,900 $160,000 $175,000 $184,950 6% -3% -8%

Dover $146,000 $144,250 $146,824 $147,000 1% -1% -1%

Eastern $125,000 $134,900 $139,900 $129,900 -7% -11% -4%

Hanover $129,450 $124,900 $137,000 $144,000 4% -6% -10%

Northeastern $158,000 $145,000 $155,000 $162,500 9% 2% -3%

Northern $220,000 $207,950 $183,000 $163,950 6% 20% 34%

Red Lion $155,000 $150,000 $157,500 $172,900 3% -2% -10%

South Eastern $175,000 $171,950 $183,000 $210,000 2% -4% -17%

South Western $163,500 $164,900 $170,000 $180,000 -1% -4% -9%

Southern $199,653 $204,500 $200,000 $248,000 -2% 0% -19%

Spring Grove $162,000 $159,900 $162,900 $174,900 1% -1% -7%

West Shore $179,100 $179,000 $175,000 $155,950 0% 2% 15%

West York $131,900 $123,000 $139,900 $133,900 7% -6% -1%

York City $36,000 $40,000 $52,900 $55,250 -10% -32% -35%

York Suburban $148,000 $144,900 $159,900 $144,950 2% -7% 2%

Total York County $152,000 $149,900 $153,000 $159,695 1% -1% -5%

5

York County Housing Market by Price Range

The average days on market for York County in 2015 was 70 days.

This reflects an 6% decrease on average days on market over 2014 sales.

In 2015, 22% of the homes sold in York County were priced under $100,000,

49% of the homes sold were priced between $100,00-$199,999, 21% of the homes sold

were priced between $200,000-$299,999 and 8% of the homes sold were priced over

$300,000.

6

York County: Month’s Supply of Inventory The month’s supply of inventory indicates how many months it would take for all the current homes

for sale on the market to sell, given a monthly sales volume. Six months supply of

inventory is considered a balanced market. The greater the number indicates there are more sellers

than buyers in the market. The lower the number indicates there are more buyers than sellers.

7

York County: Foreclosure Filings

Source: Prothonotary of York County

A short sale is when the proceeds from a sale of real estate falls short from paying the

balance of the liens on the property, but the lien holder agrees to release the lien and

accept less than the amount owed on the debt. A REO Sale is a Real Estate Owned Sale

which is a class of property typically owned by a bank or government entity as a result

of a foreclosure on a property.

8

York County: New Construction

The RAYAC Multi-List System only captures a part of the new home construction market

which involved a REALTOR®.

Year

Median Sold

Price

Median Finished

Square Ft $/Square Ft

2015 $ 275,736 2328 $ 118.44

2014 $ 264,054 2224 $ 118.73

2013 $ 232,676 2190 $ 115.39

2012 $ 233,981 2079 $ 118.44

2011 $ 266,350 2225 $ 119.71

2010 269,578$ 2246 120.03$

New Construction Single Family Detached Homes

2015 2014 2013 2012 2011 2010

Central 19 22 16 19 21 48

Dallastown 16 13 10 10 21 43

Dover 28 28 23 22 18 46

Eastern 4 2 1 5 8 5

Hanover 1 3 2 1 4 0

Northeastern 48 39 29 40 16 42

Northern 14 8 11 8 5 6

Red Lion 12 8 5 6 14 20

South Eastern 3 1 1 1 1 3

South Western 26 25 25 23 14 21

Southern 8 6 9 8 2 2

Spring Grove 29 28 32 25 27 35

West Shore 14 16 6 10 9 10

West York 5 3 1 0 0 12

York City 0 0 1 1 0 0

York Suburban 5 2 1 0 0 4

Total York

County 232 204 173 179 160 298

York County Number of New Home Sales By School District

Year

Median Sold

Price

Median Finished

Square Ft $/Square Ft

2015 178,859$ 1450 123.35$

2014 172,920$ 1450 $ 119

2013 $ 162,352 1501 $ 108

2012 $ 159,900 1586 $ 101

2011 $ 147,900 1496 $ 99

2010 149,900$ 1592 $ 94

New Construction Townhouse/Condo Homes

9

Real Estate Activity by School District

Hanover

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Central York School District

In the Central York School District there were 526 homes sold in 2015 for a total dollar

volume of $100,571,234. The number of homes sold in 2015 increased by 12% from 2014.

The median home sale price was $155,000 in 2015. This home sale price reflects a 2%

decrease compared to 2014 sales, a 9% decrease over 5 years, and a 14% decrease over 10

years.

11

Central York School District

The charts below reflect the average days on market and

the number of units sold in each price range.

Type No. Sold Median Price Average Days on Market

Detached 390 198,000$ 55

Semi-Detached 32 109,750$ 74

Attached 41 110,000$ 42

Condo/Townhouse 63 122,000$ 80

Mobile Home w/ Land 0 $ - 0

Grand Total 526 155,000$ 58

12

Dallastown Area School District

In the Dallastown Area School District there were 522 homes sold in 2015 for a total dollar



increase compared to 2014 sales, a 3% decrease over 5 years and an 8% decrease over 10 years.

13

Dallastown Area School District




Detached 387 186,000$ 51


Attached 20 127,500$ 54


Mobile Home w/ Land 4 48,950$ 47

Grand Total 522 169,900$ 57

14

Dover Area School District

In the Dover Area School District there were 325 homes sold in 2015 for a total dollar volume

of $49,387,695. The number of homes sold in 2015 increased by 2% from 2014.


increase compared to 2014 sales, a 1% decrease over 5 years and a 1% decrease over 10 years.

15

Dover Area School District




Detached 224 154,900$ 63


Attached 24 119,750$ 65



Grand Total 325 146,000$ 68

16

Eastern York School District

In the Eastern York School District there were 211 homes sold in 2015 for a total dollar volume

of $31,091,452 The number of homes sold in 2015 increased by 10% from 2014.


decrease compared to 2014 sales, an 11% decrease over 5 years and a 4% decrease over 10

years.

17

Eastern York School District




Detached 164 135,000$ 62


Attached 16 114,500$ 34



Grand Total 211 125,000$ 62

18

Hanover Public School District

In the Hanover Public School District there were 190 homes sold in 2015 for a total dollar




19

Hanover Public School District




Detached 121 139,900$ 97


Attached 17 133,000$ 63


Mobile Home w/ Land 0 -$ 0

Grand Total 190 129,450$ 87

20

Northeastern School District

In the Northeastern School District there were 311 homes sold in 2014 for a total dollar volume

of $51,049,949. The number of homes sold in 2015 increased by 11% compared to 2014 sales.


increase compared to 2014 sales, a 2% increase over 5 years and a 3% decrease over 10 years.

21

Northeastern School District

The charts below reflect the average days on market in each price range and



Detached 261 174,500$ 63


Attached 19 127,675$ 144



Grand Total 311 158,000$ 73

22

Northern York County School District

In the Northern York County School District there were 154 homes sold in 2015 for a total dollar


The median home sale price was $220,000 in 2015. This home sale price reflects a 6% increase

compared to 2014 sales, a 20% increase over 5 years and a 34% increase over 10 years.*

*Northern School District is covered by two MLS systems and this is the information reported from the

RAYAC MLS system.

23

Northern York County School District




Detached 138 228,850$ 104


Attached 6 123,000$ 182



Grand Total 154 220,000$ 106

24

Red Lion Area School District

In the Red Lion Area School District there were 452 homes sold in 2015 for a total dollar

volume of $74,373,317. The number of homes sold in 2015 was a 10% increase from 2014.



25

Red Lion Area School District

The charts below reflect the average days on market in each price range and



Detached 364 169,950$ 69


Attached 12 110,450$ 68



Grand Total 452 155,000$ 70

26

South Eastern School District

In the South Eastern School District there were 244 homes sold in 2015 for a total dollar




27

South Eastern School District




Detached 222 186,000$ 84


Attached 7 136,900$ 35



Grand Total 244 175,000$ 84

28

South Western School District

In the South Western School District there were 384 homes sold in 2015 for a total dollar



decrease compared to 2014 sales, a 4% decrease over 5 years and a 9% decrease over 10 years.

29

South Western School District




Detached 307 185,000$ 74


Attached 36 136,500$ 78



Grand Total 384 163,500$ 72

30

Southern York County School District

In the Southern York County School District there were 259 homes sold in 2015 for a total

dollar volume of $53,007,600. The number of homes sold in 2015 increased by 20% from

2014.


decrease compared to 2014 sales, no change over 5 years and a 19% decrease over 10 years.

31

Southern York County School District




Detached 219 $ 202,500 63

Semi-Detached 15 $ 120,500 114

Attached 11 $ 190,000 33

Condo/Townhouse 9 $ 200,000 68

Mobile Home w/ Land 5 $ 58,000 19

Grand Total 259 $ 199,653 64

32

Spring Grove School District

In the Spring Grove School District there were 332 homes sold in 2015 for a total dollar




33

Spring Grove School District




Detached 254 169,900$ 70


Attached 27 115,000$ 66



Grand Total 332 162,000$ 80

34

West Shore School District

In the West Shore School District there were 222 homes sold in 2015 for a total dollar volume of

$42,993,305. The number of homes sold in 2015 increased by 25% from 2014. The median home sale

price was $179,100 in 2014. This home sale price remained steady compared to 2014 sales,

increased 2% over 5 years and increased 15% increase over 10 years.*

*West Shore School District is covered by two MLS systems and this is the information reported from

the RAYAC MLS system.

35

West Shore School District




Detached 180 185,700$ 77


Attached 29 120,000$ 157



Grand Total 222 179,100$ 95

36

West York Area School District

In the West York Area School District there were 293 homes sold in 2015 for a total dollar




37

West York Area School District




Detached 203 149,999$ 61


Attached 10 89,200$ 51



Grand Total 293 131,900$ 59

38

York City School District

In the York City School District there were 327 homes sold in 2015 for a total dollar



decrease compared to 2014 sales, a 32% decrease over 5 years and a 35% decrease over 10

years.

39

York City School District




Detached 132 60,000$ 77


Attached 86 20,000$ 78


Mobile Home w/ Land 0 $ - 0

Grand Total 327 36,000$ 82

40

York Suburban School District

In the York Suburban School District there were 343 homes sold in 2015 for a total dollar



increase compared to 2014 sales, a 7% decrease over 5 years and a 2% increase over 10 years.

41

York Suburban School District




Detached 259 157,600$ 56


Attached 17 13,900$ 38



Grand Total 343 148,000$ 57

2015 York County - Rayac · In the Central York School District there were 526 homes sold in 2015...

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